Walgreens to acquire Duane Reade
Walgreen Co. plans to buy metropolitan New York drug chain Duane Reade in a deal valued at nearly $1.1 billion.
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Ex-Walgreens exec Van Howe to join MPG
Former Walgreen Co. executive David Van Howe is joining sales and marketing strategy firm Market Performance Group (MPG). Van Howe, who left Walgreens at the end of last year, is slated to take the post of senior vice president and retail adviser at MPG.
Standley to succeed Sammons as Rite Aid CEO in June
John Standley, president and chief operating officer of Rite Aid Corp., will take over as chief executive officer in June, succeeding Mary Sammons, who will continue to serve as chairman until June 2012.
Walmart plans major reorganization of operations
In an effort to boost efficiencies, cut costs and get closer to the consumer, Walmart has undertaken a major structural reorganization. While some of the most visible changes are in the company’s field operations team, merchandising and procurement have also been targeted. The Walmart U.S.
Prospects for health care reform become dimmer
Health care reform will apparently come later rather than sooner. With the shift of one Senate seat, last year’s most pressing issue for President Barack Obama and the Democratic majority in Congress has moved to the back burner.
Health Mart reaches a milestone
Health Mart, McKesson Corp.’s nationwide network of independently owned pharmacies, has set a milestone with the addition of its 2,500th pharmacy.
Walgreens ups the ante in food category
In support of its efforts to add perishable food offerings to many of its stores, Walgreen Co. has hired veteran convenience store executive Jim Jensen to serve as its new divisional merchandise manager of fresh foods.
Duane Reade upgrades loyalty program
Duane Reade Inc. has launched a new customer rewards program. Executives explain that the program — called Duane Reade FlexRewards — is easier to use and leads to faster rewards than Dollar Rewards, which was the chain’s previous loyalty program.
CVS moves ahead on two fronts
CVS Caremark Corp. is expanding its reach in terms of the markets it serves and the savings it provides to customers. With more than 7,000 stores, the drug chain made its entry into the St. Louis market last month, opening four stores in the region in a single week. At the same
Navarro supports ‘healthy kids’
Navarro Discount Pharmacies has opened a pediatric prescription window at one of its Miami outlets. The window was created to assist parents, particularly working mothers of children with urgent health needs, who require medication.
Two execs appointed at Rite Aid
Rite Aid Corp. has moved two executives into new positions. Senior vice president of strategic business development Chris Hall has become senior vice president of pharmacy business development.
Things to watch for as the year unfolds
Here are seven events guaranteed to be resolved, debated, dismissed or disregarded in the chain drug industry over the course of 2010. 1.
Rx should prepare for a long haul
The political landscape that retail pharmacy advocates will have to traverse has grown considerably more complex in recent weeks with the surprising victory of Republican Scott Brown in the race for the Senate seat that had been held by Edward Kennedy, the Massachusetts Democrat, for 47 years, and t
Gillette unveils advanced men’s shaving, skin care products
This summer, Gillette plans to roll out its new Fusion ProGlide shaving system and Fusion ProSeries male skin care products, both of which are designed to provide advanced performance.
NABP applauds Google requirements for online Rx advertisers
The National Association of Boards of Pharmacy has commended Web search and services giant Google for requiring online pharmacy advertisers to show Verified Internet Pharmacy Practice Sites (VIPPS) accreditation.
Tauzin to resign as PhRMA CEO
Billy Tauzin, president and chief executive officer of the Pharmaceutical Research and Manufacturers Association (PhRMA), plans to step down from the post this summer.